Tom Siebel wasn't lying to CNBC on March 2nd, 2021 when he said "it's a volatile market, and share prices will take care of themselves". Afterword's he sold several million shares.
At the height of the delusional tech market fetish for growth stocks, C3.AI went from $43 IPO to $100 on the first day.
Astonishingly, bulls went crazy and sent the share prices to $183.00 on December 22, 2020.
It then corrected to $112/ share in early January, then bulls went at it again, if the capital can be stormed, why not wall street?
C3.AI then shot back right up to $170 on February 9th, 2021. But good times never last forever (look back at the 2000 tech correction).
The first quarterly report was a reality check, on top of it the NASDAQ corrected due to the media's excuse of rising bond yields (despite the fact its just a simple rebound to pre china virus levels).
Certainly the GameStop and AMC short squeeze played a roll in inducing the tech sell off, hedgies after all needed to pad their pockets and minimize risk to themselves and share holders.
They covered their short losses from the squeeze buy selling off their tech positions. Greed and Fear dominate wall street. What human being enjoys losing money? Maybe the joker if its someone else's he's burning.
Long story short, the insiders always win at the expense of retail investors like you and I. It's best to play their game and buy when those cock suckers buy. Will C3.AI become a successful corporation and dominate the market?
Perhaps, but in the mean time, take the money and run. Wall street doesn't give a shit about you. Its all a fugazi.
C3.AI should experience resistance around the $40.00 range then be pumped up with another delusional bull run, never cut yourself by catching a fast knife. Of course should World War three happen, then expect everything you've ever owned to burn up in nuclear fire (worst case scenario).
Its best to be a realistic grizzly with bull horns. Never have faith in a corporation.